Authentic financial wellness is key component of an individual’s overall well-being. Financial wellness is associated with increased happiness and satisfaction, and better retirement planning. And, crucially for employers, an employee’s financial wellness is tied to employee productivity, better employee health, and reduced absentee rates. That’s why forward-thinking employers are implementing financial wellness programs for their employees. Careful employers must seek to ensure that the experts they bring in to educate and inspire their employees on financial wellness are unbiased (i.e. without hidden conflicts of interest), comprehensive and engaging (ideally offering some sort of one-on-one interaction between an employee and expert), and effective (by both educating employees on objective financial wellness while allowing for an employee’s personal goals and preferences to be satisfied). Smart employers will seek to improve their employees’ financial wellness by providing comprehensive, inspiring and effective financial wellness programs.
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Does Financial Wellness At Work Really Work?